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200209703
<br />3. MAXIMUM OBLIGATION LIMIT. The total principal amount of the Secured Debt (hereafter defined) secured by this
<br />Dead of Trust at any one time shall not exceed $ 200 000.00 . This limitation of amount
<br />does not include interest, loan charges, commitment fees, brokerage commissions, attorneys' fees and other charges
<br />validly made pursuant to this Deed of Trust and does not apply to advances for interest accrued on such advances)
<br />made under the terms of this Deed of Trust to protect Beneficiary security and to perform any of the covenants
<br />contained in this Deed of Trust. Future advances are contemplated and, along with other future obligations, are
<br />secured by this Deed of Trust even though all or part may not yet be advanced. Nothing in this Deed of Trust,
<br />however, shall constitute a commitment to make additional or future loans or advances in any amount. Any such
<br />commitment would need to be agreed to in a separate writing.
<br />4. SECURED DEBT DEFINED. The term "Secured Debt" includes, but is not limited to, the following:
<br />A. The promissory noi contractlsl, guarar Beal or other evidence of debt described below and all extensions,
<br />renewals, modifications or substitutions (Evidence of Debt). (When referencing the debts below it is suggested
<br />that you include items such as borrewers'names, note amounts, interest rates, maturity dates, etc.)
<br />B. All future advances from Beneficiary to Truster or other future obligations of Truster to Beneficiary under any
<br />promissory note, contract, guaranty, or other evidence of debt existing now er executed after this Deed of Trust
<br />whether or not this Deed of Trust is specifically referred to in the evidence of debt,
<br />C. All obligations Truster owes to Beneficiary, which now exist or may later arise, to the extent not prohibited by
<br />law, including, but not limited lo, liabilities for overdrafts relating to any deposit account agreement between
<br />Truster and Beneficiary.
<br />D. All additional awns advanced and expenses incurred by Beneficiary fur Insuring, preserving or otherwise
<br />protecting the Property and Its value and any other sums advanced and expenses Incurred by Beneficiary under
<br />the terms of this Deed of Trust, plus Interest at the highest rate in effect, from time to time, as provided In the
<br />Evidence of Debt.
<br />E. I rustor's performance under the terms of any instrument evidencing a debt by Trustor to Beneficiary and any
<br />Deed of Trust securing, guarantying, or otherwise relating to the debt.
<br />If more than one person signs this Deed of Trust as Trustor, each Truster agrees that this Deed of Trust will secure all
<br />future advances and future obligations described above that are given to or incurred by any one or more Trustor, or
<br />any one or more Trustor and others. This Deed of Trust will not secure any other debt If Beneficiary fails, with respect
<br />to such other debt, to make any required disclosure about this Deed of Trust or If Beneficiary falls to give any required
<br />notice of the right of rescission.
<br />5. PAYMENTS. Trustor agrees to make all payments on the Secured Debt when due and in accordance with the terms of
<br />the Evidence of Debt or this Deed of Trust.
<br />6. WARRANTY OF TITLE. Trustor covenants that Trustor is lawfully seized of the estate conveyed by this Dead of Trust
<br />and has the right to irrevocably grant, convey and sell to Trustee, in trust, with power of sale, the Property and
<br />warrants that the Property is unencumbered, except for encumbrances of record.
<br />7. CLAIMS AGAINST TITLE. Trustor will pay all taxes, assessments, liens, encumbrances, lease payments, ground rents,
<br />utilities, and other charges relating to the Property when due. Beneficiary may require Trustor to provide to Beneficiary
<br />copies of all notices that such amounts are due and the receipts evidencing Truster's payment Trustor will defend title
<br />to the Property against any claims that would impair the lien of this Deed of Trust. Trustor agrees to assign to
<br />Beneficiary, as requested by Beneficiary, any rights, claims or defenses which Trustor may have against parties who
<br />supply labor or materials to improve or maintain the Properly.
<br />8. PRIOR SECURITY INTERESTS. With regard to any other mortgage, decd of trust, security agreement or other lien
<br />document that created a prior security interest or encumbrance on the Property and that may have priority over this
<br />Dead of Trust, Trustor agrees:
<br />A. To make all payments when due and to perform or comply with all covenants.
<br />B. T o promptly deliver to Beneficiary any notices that Trustor receives from the holder.
<br />C. Not to make or permit any modification or extension of, and not to request or accept any future advances under
<br />any note or agreement secured by, the other mortgage, deed of trust or security agreement unless Beneficiary
<br />consents In writing.
<br />9. DUE ON SALE OR ENCUMBRANCE. Beneficiary may, at its option, declare the entire balance of the Secured Debt to
<br />be immediately due and payable upon the creation of any lien, encumbrance, transfer, or sale, or contract for any of
<br />these on the Property. However, if the Property includes Truster's residence, this section shall be subject to to to the
<br />V
<br />(91993, Its e,1— sot—, Ina,St 11-s MN Po,mAtl.- "IN' 11111sta
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